Pentair PLC (NYSE:PNR) – Equities research analysts at William Blair lowered their Q2 2019 earnings per share estimates for Pentair in a research note issued to investors on Thursday, April 18th. William Blair analyst B. Drab now forecasts that the industrial products company will earn $0.67 per share for the quarter, down from their prior estimate of $0.74.
Pentair (NYSE:PNR) last announced its earnings results on Wednesday, April 17th. The industrial products company reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. Pentair had a return on equity of 18.86% and a net margin of 9.92%. The business had revenue of $689.90 million during the quarter, compared to analysts’ expectations of $795.82 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The business’s revenue was down 5.8% compared to the same quarter last year.
Shares of Pentair stock opened at $38.22 on Friday. Pentair has a 12 month low of $35.30 and a 12 month high of $72.96. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.92 and a beta of 1.25. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 0.43.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $0.72 annualized dividend and a dividend yield of 1.88%. Pentair’s dividend payout ratio is presently 30.64%.
In other Pentair news, SVP Ademir Sarcevic sold 2,435 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.00, for a total transaction of $109,575.00. Following the completion of the sale, the senior vice president now owns 2,763 shares of the company’s stock, valued at $124,335. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Karl R. Frykman sold 10,241 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $41.28, for a total value of $422,748.48. Following the sale, the chief operating officer now directly owns 60,877 shares of the company’s stock, valued at approximately $2,513,002.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,942 shares of company stock valued at $543,730. Insiders own 0.80% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. CSat Investment Advisory L.P. increased its stake in Pentair by 47.8% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,017 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 329 shares during the last quarter. Enlightenment Research LLC acquired a new stake in Pentair during the fourth quarter worth $42,000. Mercer Capital Advisers Inc. increased its stake in Pentair by 52.0% during the fourth quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 650 shares during the last quarter. ETF Managers Group LLC increased its stake in Pentair by 19.6% during the fourth quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 325 shares during the last quarter. Finally, ERTS Wealth Advisors LLC acquired a new stake in Pentair during the fourth quarter worth $156,000. 85.79% of the stock is owned by institutional investors.
Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
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